The Wealth Blog
Begging for Workers – May 12, 2021
At 6.1% as of April, the unemployment rate remains elevated (U.S. BLS). Yet, companies are growing increasingly desperate to find workers. Over the last two…
The Swinging Pendulum – May 10, 2021
One year ago, the economy was in a freefall thanks to lockdowns and shelter-in-place orders. For many around the country, only businesses that were deemed…
Procrastination and Your Finances – May 5, 2021
Why should I take action today when I can do it tomorrow? Procrastination is the enemy of your finances. According to the Charles Schwab Modern…
Big Mo – May 3, 2021
The U.S. Bureau of Economic Analysis reported last week that U.S. Gross Domestic Product (GDP), which is the largest measure of the value of goods…
Big Data on Tap – April 29, 2021
Investors are eagerly awaiting two big events this week: the conclusion of the Fed’s two-day meeting on Wednesday and Thursday’s release of Q1 GDP. The…
Recession and Recovery – April 26, 2021
The National Bureau of Economic Research (NBER) is not a household name. Outside of economists, few are familiar with the group. It’s importance: the 101-year-old…
What Might Be Lurking in the Shadows – April 21, 2021
Have you ever driven down the road and hit a string of green lights? Or the radio is on and it’s one favorite after another….
Stimulus Checks & Retail Sales – April 19, 2021
Subject to income limits, $1,400 checks per person started to roll into bank accounts in March, fueling the second largest monthly increase in retail sales…
Earnings Season – April 14, 2021
Q3 and Q4 earnings season easily exceeded analysts’ low earnings estimates. In hindsight, analysts failed to incorporate the strong economic recovery into profit estimates. Most…
Vaccines, Cash and Economic Growth – April 12, 2021
It seems pretty obvious, at least in hindsight. Reopen the economy, give people cash, roll out effective vaccines, and job growth would soar. But an…
March Roars Like a Lion – April 8, 2021
The U.S. BLS reported nonfarm payrolls soared by 916,000 in March. Two key measures of the manufacturing and service sectors provided by the Institute for…
A Housing Bonanza – April 5, 2021
The pandemic has created distortions in the economy that have aided some sectors and hurt others. One sector that has benefitted enormously has been housing….